CBO finds patent-law change could cost health programs $1.3 billion

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Joseph Walker A patent law change sought by the pharmaceutical industry could cost federal health-care programs $1.3 billion over a decade by delaying new generic medicines, an analysis by the Congressional Budget Office found this summer, according to people ...

Medtronic Buys Developer of Devices to Treat Aneurysms

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Josh Beckerman Medtronic PLC (MDT) has purchased Medina Medical, which develops medical devices focused on vascular abnormalities of the brain including cerebral aneurysms. Medtronic said Medina Medical's technology is "a natural fit with our Neurovascular portfolio, further strengthening our ...

South Korea Exports Plunge 14.7% in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's exports fell more sharply than expected in August--the eighth consecutive month of declining shipments overseas--according to provisional data from the Ministry of Trade, Industries and Energy. Exports shrank 14.7% from a year earlier to $39.33 ...

China Data Pulls Down Asian Shares

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Chao Deng Asian markets fell Tuesday after disappointing manufacturing data further put in focus China's economic slowdown. The region was already extending a turbulent stretch where fears about a slowdown in China have weighed on commodities and worries about ...

China Data Pulls Down Asian Shares

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

Asian markets fell Tuesday after disappointing manufacturing data further put in focus China's economic slowdown. The region was already extending a turbulent stretch where fears about a slowdown in China have weighed on commodities and worries about a devalued Chinese ...

Malaysia Manufacturing PMI Falls in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Saurabh Chaturvedi KUALA LUMPUR, Malaysia--Malaysian manufacturing activity fell in August as new orders contracted at the fastest rate since September 2012, leading to further declines in both production and purchasing activity, according to a private survey by Nikkei and ...

South Korea Exports Plunge 14.7% in August -- Update

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Kwanwoo Jun SEOUL--South Korea said exports posted their sharpest fall in six years in August as shipments slumped to China, the country's largest export destination, amid concerns about a slowdown in the world's second-largest economy. The South Korean data ...

Indonesia's Inflation Falls Slightly in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Ben Otto And Deden Sudrajat JAKARTA, Indonesia--Indonesia's year-over-year inflation edged lower in August after travel costs fell with the end of annual holidays, though it remains well above the central bank's target rate. The official statistics agency said Tuesday ...

Poland's Manufacturing PMI Falls Sharply in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Martin M. Sobczyk WARSAW--Activity in Poland's manufacturing sector expanded in August at a much slower rate than in July with output and new orders growing only marginally, Markit Economics said Tuesday. The survey of 300 industrial companies showed the ...

RadioShack Creditors Sue Hedge Fund Standard General--2nd Update

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Matt Wirz RadioShack's junior creditors are suing hedge fund Standard General LP, the company's largest prebankruptcy shareholder and current owner, in a last-ditch effort to get repaid. The lawsuit, filed Monday in U.S. District Court in Fort Worth, Texas, ...

Brazil 2016 Budget Plan Shows Economic Weakness

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Paulo Trevisani BRASÍLIA--President Dilma Rousseff's economic team further exposed the extent of the country's financial and political disarray Monday as it submitted a 2016 budget proposal to Congress that does nothing to pay down the soaring national debt. The ...

Obama Calls for U.S. to Show Leadership in Fighting Climate Change

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Colleen McCain Nelson ANCHORAGE, Alaska--President Barack Obama called for U.S. leadership in fighting climate change, saying Monday that a sound environment and strong economic growth don't need to be in conflict. He delivered that message in Alaska, a state ...

South Korean Exports Fall in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

SEOUL?South Korea's exports fell more sharply than expected in August?the eighth consecutive month of declining shipments overseas?according to provisional data from the Ministry of Trade, Industries and Energy. Exports shrank 14.7% from a year earlier to $39.33 billion, following a ...

China Manufacturing PMI Slips

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

BEIJING?China's official manufacturing purchasing managers index fell to 49.7 in August from 50.0 a month ago, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Tuesday. The August ...

ASIA MARKETS: Chinese Factory Data Pull Asian Shares Lower

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Chao Deng Shanghai stocks fall as much as 5% lower Asian markets fell Tuesday, pressured by disappointing manufacturing data that fueled concerns about growth in China and its neighboring economies. Stocks in Shanghai , which have been at the ...

China Sets New Rules on Yuan Forward Trading

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

BEIJING?In a move aimed at reducing growing depreciation pressure on the yuan, China's central bank issued new rules requiring banks trading a type of currency contract to set aside reserves. Starting Oct. 15, banks buying and selling what are called ...

South Korean Exports Fall on Lower China Shipments

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

SEOUL?South Korea said exports posted their sharpest fall in six years in August as shipments slumped to China, the country's largest export destination, amid concerns about a slowdown in the world's second-largest economy. The South Korean data provide the first ...

Russia's Manufacturing PMI Fell for Ninth Month in a Row

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Andrey Ostroukh MOSCOW--Another wave of the ruble weakness hit Russia's manufacturing activity in August, fueling inflationary pressures and resulting in job cuts across the sector, a Markit survey of purchasing managers showed Tuesday. The headline Purchasing Managers' Index for ...